Itron Appoints New President

Itron Inc. announced that Philip Mezey has been appointed as the company’s president and CEO and named to Itron’s board of directors, succeeding LeRoy Nosbaum. Selected by Itron’s board of directors following an extensive international search, Mezey will assume his new role Jan. 1, 2013.

“In a robust search across the global technology industry, Philip was the right choice to be Itron’s CEO,” said Jon Eliassen, chairman of the board of directors. “Philip has been behind many of the strategic initiatives that brought Itron to the leadership position it enjoys today and understands the technology, innovation and partnerships necessary to drive Itron to its next phase of growth."

Mezey became president and chief operating officer for Itron’s global energy segment in March 2011, with responsibility for the operations of Itron’s electricity and gas businesses around the world. He has served the company in several capacities including senior vice president and chief operating officer of Itron North America, group vice president and general manager, as well as senior vice president for Software Solutions.

Upon Itron’s acquisition of Silicon Energy in 2003, Mezey joined the company as managing director of Software Development for Itron’s Energy Management Solutions group. He joined Silicon Energy in 2000 as vice president, Software Development. Prior to joining Silicon Energy, Mezey was a founding member and served 12 years with Indus, a provider of integrated asset and customer management software.

Mezey also announced that John Holleran will become Itron’s executive vice president and chief operating officer to lead the global energy and water segments. Holleran will serve as interim president of Itron’s global Energy segment. Holleran previously held the positions of Itron’s senior vice president, special projects and corporate secretary and was the company’s general counsel prior to that appointment. In January 2012, his duties shifted to focus primarily on the implementation of Itron’s announced restructuring plans.

“Moving John Holleran into the new global chief operating officer role is a great first step in establishing the next chapter for Itron,” Mezey said. “I look forward to working with John, the board, the senior management team and employees around the world to lead Itron into a new era of growth and success.”

With the new executive leadership established, the board also announced that LeRoy Nosbaum will retire from Itron and the Itron board of directors on Dec. 31, 2012, although he will act in a consulting capacity for at least the next six months.

“Itron is a tremendously successful company with outstanding growth potential, and one that I’ve had the honor to lead through some very exciting times,” said LeRoy Nosbaum. “I have full confidence that Philip will work with the full potential of Itron’s employees, customers and the board to carry the company to even greater heights.”